Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) Short Interest Update

Simplify Bitcoin Strategy PLUS Income ETF (NASDAQ:MAXI) was the recipient of a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 4,958 shares, a decrease of 66.0% from the July 30th total of 14,591 shares. Based on an average trading volume of 10,489 shares, the short-interest ratio is currently 0.5 days. Currently, 0.2% of the company’s stock are sold short.

Hedge Funds Weigh In On Simplify Bitcoin Strategy PLUS Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Authentikos Wealth Advisory LLC bought a new stake in shares of Simplify Bitcoin Strategy PLUS Income ETF during the 4th quarter valued at $1,159,000. Proficio Capital Partners LLC bought a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $569,000. Mid American Wealth Advisory Group Inc. boosted its stake in Simplify Bitcoin Strategy PLUS Income ETF by 315.0% in the 2nd quarter. Mid American Wealth Advisory Group Inc. now owns 73,431 shares of the company’s stock worth $609,000 after purchasing an additional 55,738 shares during the period. Nwam LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $281,000. Finally, Orion Porfolio Solutions LLC purchased a new stake in Simplify Bitcoin Strategy PLUS Income ETF during the 2nd quarter valued at approximately $287,000.

Simplify Bitcoin Strategy PLUS Income ETF Stock Performance

Shares of MAXI stock opened at $13.33 on Friday. The company’s fifty day moving average price is $9.64 and its 200-day moving average price is $10.11. Simplify Bitcoin Strategy PLUS Income ETF has a 12 month low of $8.22 and a 12 month high of $32.28.

Simplify Bitcoin Strategy PLUS Income ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Monday, August 31st. Investors of record on Wednesday, August 26th will be issued a $0.05 dividend. The ex-dividend date is Wednesday, August 26th.

About Simplify Bitcoin Strategy PLUS Income ETF

The Simplify Bitcoin Strategy PLUS Income ETF (MAXI) is an exchange-traded fund that mostly invests in long bitcoin, short usd currency. The fund is actively managed, aiming to provide capital appreciation and income. The fund holds long Bitcoin futures, short-term debt instruments, and near-term equity index put or call spreads MAXI was launched on Sep 29, 2022 and is managed by Simplify.